Bitcoin Holds Steady Amid Market Turmoil as Tariff Fears Rattle Crypto
This week, the cryptocurrency market experienced heightened volatility driven by U.S. tariff concerns, with Bitcoin showcasing resilience as a potential safe-haven asset. Below is a detailed analysis of the key developments and their implications for investors.
Top Crypto Stories This Week: From Tariff Volatility to Bitcoin Stability
This week, the cryptocurrency market faced significant volatility due to renewed fears around U.S. tariffs. The broader market downturn affected many cryptocurrencies, but Bitcoin demonstrated relative stability, potentially emerging as a safe haven in economic uncertainty. The week started with crypto markets extending losses, mirroring traditional markets’ sell-off triggered by escalating U.S. trade policies. Investors anticipated delays or adjustments in IPO timelines for major crypto players. While most cryptocurrencies succumbed to market pressures, Bitcoin initially showed resilience before dipping alongside the wider market. Mid-week, the market briefly rebounded as cryptocurrency prices surged.
Gold Hits Record $3,200 Amid U.S.-China Trade War—Is Bitcoin the Next Safe Haven?
Despite rising global tensions from the trade war, gold stands strong, recently hitting a record high of $3,200 per ounce. Analyst Alex Adler believes that the latest price jump follows an aggressive tariff hike by the U.S. government to impose an additional 125% tariff on Chinese imports, raising the total duty to 145%. As a result, demand for safe-haven assets like gold is soaring. Meanwhile, CryptoQuant Verified Author Alex Adler Jr points out Bitcoin’s growing interest as “digital gold.” With a 16% gain this year, Bitcoin is emerging as another hedge against economic uncertainty.
Block Hit with $40 Million Fine Over Cash App’s Anti-Money Laundering Failures
Block, the crypto company that operates Cash App, has been fined $40 million by New York’s financial regulator for failing to monitor and restrict money laundering on its platform. The fine was imposed due to money laundering flaws, know-your-customer gaps, and issues relating to the Bank Secrecy Act. Block, previously known as Square, is owned by co-founder Jack Dorsey. The company had previously agreed to pay a fine of $80 million to multiple states for similar problems. The New York Department of Financial Services (DFS) argued that Block did not have adequate risk assessments regarding the nature of their transactions, allowing gaps for illegal transactions such as terrorism funding. Cash App began offering Bitcoin transactions in 2018 and, according to the DFS, did not create enough oversight to monitor these transactions.
Cascade Liquidations On Bitcoin: Data Reveals Imbalance
A 638% imbalance between long and short liquidations in Bitcoin has shaken market benchmarks, according to CoinGlass. $9.84 million in long positions were liquidated, compared to only $1.54 million in short positions. This unusual figure illustrates the fragility of Leveraged positions and the excess optimism of investors. The anomaly highlights deep tensions in the current market dynamics, forcing a reconsideration of dominant strategies in the crypto ecosystem.
Post-Halving Bitcoin: Long-Term Holders Are Loading Up Again
If you’ve been around Bitcoin long enough, you know it moves in cycles, and the halving cycle is a big deal. It happens roughly every four years, halts the block reward, and has historically kicked off major price moves. Data from Glassnode shows that after unloading more than 2 million BTC in two big waves earlier in this cycle, long-term holders who’ve been holding their BTC for 3–5 years are now deep in reaccumulation mode. Across the 2023–25 cycle, these holders have distributed over 2M BTC in two distinct waves, each followed by strong re-accumulation, helping absorb the sell-side pressure.
